UGG Parent Company Or Resolving Proxy Contest

According to the world clothing and shoe net, we are deeply in the battle of proxy competition.

Outdoor Corp. (NYSE:DECK) announced that it will appoint at least two new directors in the near future, but radical investor hedge fund Marcato Capital Management LP still dissatisfied.

John Gibbons, chairman of the Deckers Outdoor Corp. board, said in a statement on Monday that the group has always been and is committed to supporting shareholder value through strong governance measures in the future.

The group said it would nominate two new independent directors to the board by September 2018, and the two directors would help improve board diversity and reduce the average tenure of independent directors.

Marcato Capital immediately responded, accusing it of having UGG, Teva and Sanuk.

The brand's Deckers Outdoor Corp.'s move is only to "make the least effort at the last moment at the slowest pace", which is not enough to ensure the future success of the group.

Since the disclosure of Deckers Outdoor Corp. holdings in February this year, Marcato Capital Management LP has been pressing the Deckers Outdoor Corp. board to reform operations and governance and even sell the group on sale.

Deckers Outdoor Corp.8 announced that it would explore strategic options including sales. However, when it released its two quarter earnings in late October, it decided to terminate the sale process after contacting 90 entities who still could not find potential buyers.

Marcato Capital Management LP threatened to replace all the nine existing members of the Deckers Outdoor Corp. board at its annual shareholders' meeting in December 14th this year in September.

In October, Mick McGuire, the founder of the fund, first proposed the specific vision of Deckers Outdoor Corp.. He believed that if the group concentrated on developing its crown beads UGG and stripped Sanuk and Hoka One One and other non core businesses,

The share price can be doubled to $135-138 before 2020, and the share price can be doubled to $135-138 before 2020. The EPS can also rise from $3.82 in fiscal year 2021 to $12.68 in fiscal year 2021.

Deckers Outdoor Corp. released a new $335 million share repurchase program in October, a big increase over the current US $65 million plan.

According to the data, the group achieved $1.54 in EPS and $482 million 500 thousand in the two quarter, far more than FactSet's combined forecast of $1.02 and $438 million.

Deckers Outdoor Corp. (NYSE:DECK) on Monday, 27, closed at $72.42, down 2% worldwide, narrowing its total growth to 30.8% in 2017, and its current market value is about $2 billion 300 million.

But Marcato Capital Management LP pointed out that the stock's cumulative increase in the past 12 months has risen by 18% of the S & P 500 index of 18%.

At present, Marcato Capital Management LP holds a stake in Deckers Outdoor Corp.8.4%.

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